Infinera Corporation is a telecommunications technology company that specializes in providing innovative solutions for long-haul and metro optical transport networks
The company designs and develops advanced optical networking equipment and software, enabling service providers, enterprises, and data center operators to increase bandwidth capacity and improve the efficiency of their networks. Infinera's products leverage groundbreaking integrated photonic technology to deliver high-speed data transmission, reducing costs and increasing operational capabilities. With a focus on scalability and reliability, Infinera plays a critical role in supporting the growing demand for digital connectivity across the globe.
Despite the mixed Q4 results, Infinera’s stock gained after-market as the company announced that it expects its merger with Nokia’s wholly-owned subsidiary, Neptune of America Corp., to be completed on or before Friday.
Infinera shares are trading higher Thursday after the company announced Nokia will acquire the company in a transaction valuing Infinera at $6.65 per share.
